UK, Norway Agree to Enhance Energy Cooperation

The United Kingdom and Norway have agreed to enhance economic cooperation especially in the fields of energy and Electricity interconnection.

    In a joint statement following a meeting in Oslo, the UK Energy Minister Jesse Norman and his Norwegian counterpart Terje Soviknes stressed the close relationship between the two countries in the energy sphere.

    The ministers said that the UK will be more dependent on Norwegian gas imports in the future given the UK move to phase out coal-fired power generation. "British interest in Norwegian gas is set to grow as the UK looks to phase out power generation from unabated coal in the transition to a lower carbon energy mix," they said.  "Norway is the UK's most important energy supplier, particularly as an external supplier of gas," they added. 

    Meanwhile, the UK and Norway also plan to build a 1.4 GW electricity interconnector to link the countries' two power markets from 2022. "Electricity interconnection represents an additional feature in our energy partnership," the ministers said.  "A stable and market based framework for the interconnector development is important to both countries," they added.

Source: QNA